Williams Partners (WPZ) said Monday that it plans to commence an underwritten public offering of 10 million common units representing limited-partner interests.
The underwriters have been granted a 30-day option to purchase up to an additional 1.5 million common units.
In addition, Williams Partners will concurrently sell 3 million of its common units to Williams Cos. Inc. (WMB) in a private placement. Williams owns about 70% of Williams Partners, including the general-partner interest.
Williams Partners said it plans to use the net proceeds from the public offering and the private placement to repay amounts outstanding under the partnership's credit facility. Borrowings under the credit facility were used for general partnership purposes, including funding capital expenditures, working capital and partnership distributions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.